=+2. A bus ticket between two cities costs $50 and the trip will take twenty-eight hours, whereas

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=+2. A bus ticket between two cities costs $50 and the trip will take twenty-eight hours, whereas an air- plane ticket costs $300 and takes three hours. Mary values her time at $12 per hour, and Michele values her time at $8 per hour. Will Mary take the bus or the plane? Which will Michele take? Explain. *

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Microeconomics Private And Public Choice

ISBN: 9780324320367

11th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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